Real-time messaging, obviously.
Answer:
Fast Service Hair Salon
The impact is that instead of a stylist serving only 5 customers in 150 minutes, this same stylist can serve 6 customers. The company-wide implication is that the three stylists, Francois, Bernard, and Mimi can serve 18 customers in 150 minutes altogether instead of just 15 customers under the former arrangement.
Since Lulu, the receptionist is idle most of the time, she can be assigned the billing of customers to enable the stylists to serve more customers with concentration.
Explanation:
Activities and time:
Shampooing = 10 min
Hairstyling = 15 min
Billing = 5 min
Total time per customer = 30 minutes
If billing is assigned to Lulu, the total time per customer reduces to 25 (30 - 5) minutes, thus saving 5 minutes of the stylist's time or an equivalent of 5/30 or 16.7% of their time per customer.
Answer:
$1,014
Explanation:
The computation of effective price received by the company for the commodity is shown below:-
Here for computing the Effective price received first we need to find out the profit on future contract which is here below:-
Profit on future contract = Futures prices of Nov 1 - Dec Future prices Dec
= $1015 - $981
= $34
Effective price received = November Price + Profit on future contract
= $980 + $34
= $1,014
